Balance Sheet
Assets = Liabilities + _____ for Credit Unions, specifically.
What is Net Worth
What is False.
The percentage of net worth required to be considered well-capitalized by NCUA.
What is 7%?
This is the common threshold for conforming mortgage loan-to-values.
What is 80%?
These shares commonly reflect the ownership interest of a member in the credit union.
What are Regular/Primary Shares?
Accumulated Depreciation and the Allowance for Loan and Lease Losses are common examples of this type of balance sheet account.
What are contra-asset accounts?
When credit unions recognize CECL adjustments in January of 2023, their ROA will be...
What is unchanged?
The date when the NCUA 5300 call report should have all the information needed to calculate RBC.
What is March 31, 2022?
Commercial real estate loans commonly have this type of maturity structure.
What is balloon?
If there are more than 6 electronic transactions in this type of account each month, a credit union may need to reclassify them for regulatory reasons.
What is a Savings Account?
The affect a large Other Comprehensive Income (OCI) amount have on regulatory net worth calculations.
What is none?
Non-accrual loan activity can do this to interest income.
What is increase or decrease?
CECL accounting entries in 2023 will impact these two areas of a credit union's financial statements.
What are net worth and the ACL?
In this instance secondary capital appears as a loan on a credit union balance sheet.
What is when the credit union is an investor in secondary capital?
Check 21 is the regulation that forced financial institutions to do this.
What is accepting electronic images of checks instead of paper copies?
This balance sheet account usually resides in investments, but income is commonly recognized in Fee and Other Income.
What is a COLI/BOLI?
What is the yield?
The regulation that created Prompt Corrective Action net worth thresholds for credit unions.
What is CUMAA (Credit Union Membership Access Act)?
This type of deposit account is commonly called a loan.
What is a negative share?
The OTS has made this important contribution to ALM.
What is the creation of expense spreads?
Secondary capital commonly counts toward regulatory net worth up until ___ years before maturity, when the amount reduces annually.
What is 5?
State credit unions pay this taxes on this specific type of income.
What is UBIT (Unrelated Business Income Tax)?
A liquidity option for credit unions, created by regulation, that may take as many as 72 hours to access.
What is the Central Liquidity Facility (CLF)?
These types of loans are more influenced by actuarial projections than interest rate environments.
What are Reverse Mortgages?
These types of deposits must be secured with interests in 0% risk investments, commonly short-term US Treasuries, and credit unions classify them as non-member deposits.
What are public-sector deposits?